Tech shutdowns return with a vengeance, Gaza internet crashes and Apple hosts a Halloween event

Hey, folks, welcome to Week in Review (WiR), TechCrunch’s regular newsletter covering the past week of events around the tech sphere. Winter has finally arrived, judging by the NYC weather outside my window – and a winter of some kind can also descend on the tech industry, as it unfortunately did.

This edition of WiR covers the tech removals coming back with a vengeance, internet access in Gaza collapsed, everything announced during Apple’s Halloween event and the CCleaner customer database hacked. Also on the roster are WeWork filing for bankruptcy, Anthropic raising $2 billion from Google, Costco selling surveillance equipment and X’s (ie, Twitter’s) valuation falling 56%.

There’s still a lot to go, so let’s jump in. But first, a reminder to sign up here to receive WiR in your inbox every Saturday if you haven’t already.

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Deletes returned: For his column this week, Haje writes that, despite signs of economic recovery and predictions of avoiding a recession, tech companies continue to lay off employees. Experts suggest that while the macroeconomics is improving, the recovery process remains slow – leading many companies to prepare for what they expect to be a long period of slowdown.

Gaza internet crashes: As the conflict between Israel and Hamas continues, infrastructure is crumbling in Gaza. On Friday, internet monitoring firm NetBlocks wrote on X, formerly Twitter, that Palestinian internet service and telecommunications providers NetStream and Paltel had collapsed, resulting in a “total or near-total” internet blackout in the region.

Apple event recap: In lighter news, Apple announced several new products during its Halloween event this week, including an updated MacBook Pro, iMac and the M3, its latest in-house chip family. Among other things of note, Apple removed the Touch Bar on the new 14-inch MacBook Pro and upgraded the iMac’s screen with a 4.5K retina display and a six-speaker system that supports Dolby Atmos and Spatial Audio.

CCleaner hacked: The maker of the popular desktop optimization app CCleaner has confirmed that hackers stole a large amount of personal information, including names and contact information, about its paying customers following a data breach in May. In an email sent to customers, Gen Digital, the multinational software company that owns CCleaner, said hackers exploited a vulnerability in the widely used MOVEit file transfer tool.

WeWork’s bankruptcy is imminent: WeWork is on the verge of filing for Chapter 11 bankruptcy in New Jersey, according to sources cited by The Wall Street Journal. If WeWork does file, it shouldn’t come as a shock to followers of the flexible workspace provider, Mary Ann writes – WeWork warned in August in its second-quarter earnings that “significant uncertainty exists about the company’s ability to continue as a going concern.”

Anthropic raised billions more: Google has reportedly invested $2 billion in Anthropic, the AI ​​startup founded by ex-OpenAI execs, according to The Wall Street Journal. The deal comes shortly after Amazon committed up to $4 billion to Anthropic. As Devin reports, this is the latest in a growing proxy war between rival tech giants with a limited number of AI champions to fall back on.

Costco continues to sell spy cameras: Two US lawmakers this week asked retail giant Costco why it continues to sell surveillance equipment made by Lorex – despite warnings of cybersecurity risks and links to human rights abuses. rights. The bipartisan letter dated October 31, sent by Rep. Christopher Smith (R-NJ, 4th) and Senator Jeff Merkley (D-OR), said Costco’s continued sale of Lorex products is “more confusing” than some of its retail counterparts. rivals have long since stopped selling the technology.

X’s valuation nosedives: X, the company formerly known as Twitter, values ​​itself at $19 billion, per internal documents obtained by Fortune. When Elon Musk bought the company a year ago this week, he paid about $44 billion — or $54.20 per share — for the microblogging platform. Amanda says that the internal valuation has marked a 56% decrease in the value of X in the last 12 months, which needless to say is not very good.

Audio

There are few better companions as the cold weather creeps in than a podcast – preferably one accompanied by a warm drink. To round out your playlist, consider TechCrunch’s strong quality programming.

Equity this week features Marisa Warren, the co-founder and managing partner of Aliavia Ventures, which invests in US and Australian-based startups with at least one female founder and helps their portfolio companies deal with in new markets.

on FOUND, the crew spoke with Abhi Ramesh, the CEO and founder of Misfits Market, a grocery startup that sells excess and unwanted products directly to consumers who don’t care about foods that seem ridiculous. They talk about how Ramesh started the company in his apartment, managing every aspect from personally buying unwanted produce from farms to food storage to packaging and shipping – all while running the website and trying to collect.

and Chain Reaction recapped the end of the trial for Sam Bankman-Fried, former CEO of FTX, who faces seven charges related to fraud and money laundering.

TechCrunch+

TC+ subscribers have access to in-depth commentary, analysis and surveys — which you already know if you’re a subscriber. If you’re not, consider signing up. Here are some highlights from this week:

“Unicorns” come full circle: Alex writes about how, almost ten years ago, Aileen Lee of Cowboy Ventures wrote a column for TechCrunch that brought the term “unicorn” to the world. Lee’s column helped the world categorize startups in a new way — but it was also a sign of times to come.

Making wind power cheaper: Tim reports on AirLoom, a startup that aims to halve the cost of wind energy with a novel turbine design that is vertically oriented as opposed to horizontally.

A sports accelerator: Ron covers Comcast’s relatively new sports-startup-focused accelerator, the Comcast NBCUniversal SportsTech Accelerator, which finds startups that can bring innovation to Comcast’s sports league partners while gave the young company access to Comcast’s media resources — and the sports leagues themselves.

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